Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$166,110$170,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,079.82$1,177.74
2nd payment$0.00$0.00
Taxes / mo$42.58$42.58
Insurance / mo$150.00$150.00
MI / mo$79.21$34.02
HOA / mo$200.00$200.00
Total monthly$1,551.61$1,604.34
Cash to close$22,890$18,900